Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
Herman P and Sophia Taubman Foundation
%Bank of Oklahoma Private Wealth
Number and street (or P.O. box number if mail is not delivered to street address)5727 S Lewis Ave No 800
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Tulsa, OK741057149
A Employer identification number

73-6092820
B Telephone number (see instructions)

(918) 619-1520
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$6,592,770J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 417 417  
4 Dividends and interest from securities... 117,346 117,346  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 632,013
b Gross sales price for all assets on line 6a 1,624,281
7 Capital gain net income (from Part IV, line 2)... 632,013
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 5,847 5,847  
12 Total. Add lines 1 through 11........ 755,623 755,623  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 15,367 15,367   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 9,600 9,600   0
c Other professional fees (attach schedule).... Click to see attachment 38,908 38,908   0
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 209 209   0
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 6,812 0   0
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 70,896 64,084   0
25 Contributions, gifts, grants paid....... 1,314,195 1,314,195
26 Total expenses and disbursements. Add lines 24 and 25 1,385,091 64,084   1,314,195
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -629,468
b Net investment income (if negative, enter -0-) 691,539
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 386,766 510,992 510,992
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 241,463 Click to see attachment42,476 42,826
b Investments—corporate stock (attach schedule)....... 1,714,809 Click to see attachment1,276,130 4,689,705
c Investments—corporate bonds (attach schedule)....... 1,385,690 Click to see attachment1,291,798 1,341,745
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 685 Click to see attachment664 1
14 Land, buildings, and equipment: basis bullet7,501
Less: accumulated depreciation (attach schedule) bullet   7,501 7,501 7,501
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 3,736,914 3,129,561 6,592,770
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 3,736,914 3,129,561
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 3,736,914 3,129,561
30 Total liabilities and net assets/fund balances (see instructions). 3,736,914 3,129,561
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
3,736,914
2
Enter amount from Part I, line 27a .....................
2
-629,468
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
22,115
4
Add lines 1, 2, and 3 ..........................
4
3,129,561
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
3,129,561
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Amazon.com Inc   2011-08-19 2020-12-14
b American Express Centurion CD   2018-02-22 2020-09-23
c American Tower Corp   2018-10-29 2020-02-05
d Amphenol Corp   2007-03-26 2020-12-14
e Apple Computer   2010-02-19 2020-09-21
Apple Computer   2007-07-05 2020-12-14
Bank of America Corp   2019-07-08 2020-12-14
The Blackstone Group Inc   2019-07-18 2020-12-14
Capital One Bank CD   2017-10-18 2020-10-13
Capital One Bank CD   2017-08-11 2020-07-15
Costco Wholesale Corp   2013-04-10 2020-12-14
Danaher Corp   2007-03-26 2020-12-14
Fiserv Inc   2014-05-02 2020-12-14
Ishares Tr S&P Midcap400   2017-07-13 2020-04-21
Ishares Tr S&P Midcap400   2017-02-07 2020-04-21
Ishares Tr S&P Smallcap 600   2017-05-15 2020-04-21
Johnson & Johnson   1994-08-17 2020-12-14
Marsh & McLennan Companies Inc   2012-11-20 2020-02-05
Marsh & McLennan Companies Inc   2012-11-20 2020-12-14
Microsoft Corp   2018-09-12 2020-12-14
Schwab Charles Corp   2018-05-17 2020-04-21
Schwab Charles Corp   2018-09-19 2020-04-21
Simon Property Group Inc   2007-06-26 2020-04-21
Simon Property Group Inc   2009-12-18 2020-04-21
Simon Property Group Inc   2009-09-18 2020-04-21
Simon Property Group Inc   2009-06-19 2020-04-21
Simon Property Group Inc   2009-03-18 2020-04-21
US Treasury Bill   2020-02-05 2020-06-18
US Treasury Note   2017-08-07 2020-09-30
Vanguard Fixed Income Sec Short Term Corp   2016-09-27 2020-12-15
Vanguard Fixed Income Sec Short Term Corp   2016-09-27 2020-12-15
Medtronic PLC   2020-02-05 2020-12-14
Capital Gains Dividends P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 47,452   2,815 44,637
b 25,000   24,875 125
c 94,572   61,281 33,291
d 65,192   8,180 57,012
e 42,776   2,888 39,888
121,929   4,673 117,256
104,058   108,441 -4,383
36,114   24,485 11,629
30,000   29,865 135
25,000   25,204 -204
74,707   21,263 53,444
83,010   10,192 72,818
56,801   15,312 41,489
14,919   17,527 -2,608
22,379   25,309 -2,930
22,829   27,748 -4,919
74,723   6,213 68,510
57,704   17,597 40,107
57,482   17,597 39,885
107,003   55,329 51,674
14,378   23,788 -9,410
7,189   10,389 -3,200
10,503   17,110 -6,607
68   90 -22
76   90 -14
96   90 6
251   150 101
99,447   99,447 0
198,987   198,987 0
3,248   3,186 62
36,664   35,898 766
89,713   96,249 -6,536
11     11
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       44,637
b       125
c       33,291
d       57,012
e       39,888
      117,256
      -4,383
      11,629
      135
      -204
      53,444
      72,818
      41,489
      -2,608
      -2,930
      -4,919
      68,510
      40,107
      39,885
      51,674
      -9,410
      -3,200
      -6,607
      -22
      -14
      6
      101
      0
      0
      62
      766
      -6,536
      11
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 632,013
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 9,612
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 9,612
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 9,612
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 4,134
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,134
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9 5,478
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOK
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletN/A
    14
    The books are in care ofbulletBank of Oklahoma NA Telephone no.bullet (918) 619-1520

    Located atbullet5727 S Lewis Ave Ste 800TulsaOK ZIP+4bullet741057149
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
     
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Bank of Oklahoma Agent
    10.00     		15,367 0 0
    5727 S Lewis Ave Ste 800
    Tulsa,OK741057149
    H Perry Taubman Trustee
    0.50     		0 0 0
    5727 S Lewis Ave Ste 800
    Tulsa,OK741057149
    Hillary L Taubman Trustee
    0.50     		0 0 0
    5727 S Lewis Ave Ste 800
    Tulsa,OK741057149
    Anne C Taubman Trustee
    0.50     		0 0 0
    5727 S Lewis Ave Ste 800
    Tulsa,OK741057149
    Lawrence Taubman Trustee
    0.50     		0 0 0
    5727 S Lewis Ave Ste 800
    Tulsa,OK741057149
    Deborah Taubman Trustee
    0.50     		0 0 0
    5727 S Lewis Ave Ste 800
    Tulsa,OK741057149
    Kaaren Shalom Trustee
    0.50     		0 0 0
    5727 S Lewis Ave Ste 800
    Tulsa,OK741057149
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    NONE
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Eric Pomert Legacy Film Project 6,812
    106 Saint Albans Rd
    Kensington,CA94708
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    6,392,418
    b
    Average of monthly cash balances.......................
    1b
    536,604
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    6,929,022
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    6,929,022
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    103,935
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    6,825,087
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    341,254
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    341,254
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    9,612
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,612
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    331,642
    4
    Recoveries of amounts treated as qualifying distributions................
    4
    0
    5
    Add lines 3 and 4............................
    5
    331,642
    6
    Deduction from distributable amount (see instructions).................
    6
    0
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    331,642
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    1,314,195
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    1,314,195
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    1,314,195
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 331,642
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 0
    b Total for prior years:20, 20, 20 0
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016...... 66,969
    c From 2017...... 4,532
    d From 2018...... 1,251,343
    e From 2019...... 1,128,035
    fTotal of lines 3a through e........ 2,450,879
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 1,314,195
    a Applied to 2019, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2020 distributable amount..... 331,642
    e Remaining amount distributed out of corpus 982,553
    5 Excess distributions carryover applied to 2020. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 3,433,432
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		0
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		3,433,432
    10 Analysis of line 9:
    a Excess from 2016.... 66,969
    b Excess from 2017.... 4,532
    c Excess from 2018.... 1,251,343
    d Excess from 2019.... 1,128,035
    e Excess from 2020.... 982,553
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Bank of Oklahoma NA Agent
    5727 S Lewis Ave Ste 800
    Tulsa,OK741057149
    (918) 619-1520
    llabass@bokf.com
    bThe form in which applications should be submitted and information and materials they should include:
    Written request to Foundation Trustees stating the amount and nature of the request and the contact information of the party requesting contributions
    cAny submission deadlines:
    None
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Award must be for charitable, religious, scientific, educational or literary purposes
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Congregation Beth El
    8660 Gilman Dr
    La Jolla,CA92037     		  PC Charitable purposes 3,000
    Ecothrive Housing
    PO Box 16348
    Seattle,WA98116     		  PC Charitable purposes 125,000
    Israel Guide Dog Center for the Blind
    968 Easton Rd Ste H
    Warrington,PA18976     		  PC Charitable purposes 50,000
    Jewish Federation of Greater Dallas
    7800 Northaven Rd
    Dallas,TX752303326     		  PC Charitable purposes 10,000
    Lawrence Family JCC
    4126 Executive Dr
    La Jolla,CA92037     		  PC Charitable purposes 3,000
    Proforum
    9425 35th Ave NE Ste E
    Seattle,WA98115     		  PC Charitable purposes 75,000
    Publicsquare Inc
    3463 State St Ste 229
    Santa Barbara,CA93105     		  PC Charitable purposes 125,000
    Santa Barbara Hillel
    781 Embarcadero Del Mar
    Isla Vista,CA93117     		  PC Charitable purposes 105,000
    Seed Foundation
    1225 S Weller St Ste 400
    Seattle,WA98144     		  PC Charitable purposes 80,000
    Spelman College
    350 Spelman Ln SW Box 1551
    Atlanta,GA30314     		  PC Education purposes 125,000
    Stanford University
    559 Nathan Abbott Way
    Stanford,CA94305     		  PC Educational purposes 24,195
    The Jerusalem Foundation
    1716 Avenida Del Mundo Ste 1201
    Coronado,CA92118     		  PC Educational purposes 4,000
    Urban Forest Carbon Registry
    999 Third Ave Ste 4600
    Seattle,WA98104     		  PC Charitable purposes 125,000
    New Seed Foundation
    1130 Bryant St
    Palo Alto,CA94301     		  PC Charitable purposes 75,000
    UC San Diego Foundation
    9500 Gilman Dr
    La Jolla,CA920930210     		  PC Educational purposes 385,000
    Total .................................bullet 3a 1,314,195
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 417  
    4 Dividends and interest from securities....     14 117,346  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....     15 5,847  
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 632,013  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e).. 0 755,623 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    755,623
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    Herman P and Sophia Taubman Foundation
     
    %Bank of Oklahoma Private Wealth
    EIN:
    73-6092820
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Tax Preparation Fee 9,600 9,600   0

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    Herman P and Sophia Taubman Foundation
     
    %Bank of Oklahoma Private Wealth
    EIN:
    73-6092820
    Name of Bond End of Year Book Value End of Year Fair Market Value
    American Expr Centurion CD 2.25% 12/06/2021 19,876 20,411
    Capital One CD 2.1% 8/16/2021 24,810 25,325
    Discover Bank CD 3.1% 7/08/2025 101,902 112,135
    Synchrony Bk CD 2.85% 4/07/2027 100,000 113,978
    Vanguard S/T Invmt Grade 1,045,210 1,069,896

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Herman P and Sophia Taubman Foundation
     
    %Bank of Oklahoma Private Wealth
    EIN:
    73-6092820
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Accenture PLC 34,678 78,363
    Alphabet Inc Class C 18,851 122,632
    Alphabet Inc Class A 18,953 122,685
    Alphabet Inc Class C 46,233 113,872
    Amazon.com Inc 18,793 97,708
    Amazon.com Inc 14,075 244,270
    American Tower Corp 61,281 89,784
    Amphenol Corp 16,360 130,770
    Apple Inc 17,331 318,456
    Apple Inc 6,542 185,766
    Berkshire Hathaway Inc Class B 23,668 115,935
    Blackrock Inc 38,368 54,115
    The Blackstone Group Inc 82,334 116,658
    Chevron Corp 112,143 92,895
    Cisco Systems 2,517 53,700
    Costco Wholesale Corp 27,300 113,034
    Costco Wholesale Corp 42,526 150,712
    The Walt Disney Co 17,951 108,708
    Danaher Corp 16,307 133,284
    Facebook Inc 36,639 81,948
    Fiserv Inc 27,562 102,474
    Home Depot 48,416 185,934
    Idexx Laboratories Inc 19,255 37,490
    Intuit Inc 20,736 75,970
    Johnson & Johnson 32,377 78,690
    JP Morgan Chase & Co 40,604 152,484
    Johnson & Johnson 6,213 78,690
    Marsh & McLennan Cos 17,597 58,500
    McDonald's Corp 80,828 150,206
    Merck and Co 3,594 81,800
    Microsoft Corp 5,555 222,420
    Microsoft Corp 99,593 200,178
    Nestle SA-Spons ADR for Reg 26,769 58,974
    Proctor & Gamble Co 11,445 97,398
    Salesforce.com Inc 32,687 111,265
    Starbuck's Corp 34,232 64,188
    Stryker Corp 32,432 147,024
    Thermo Fisher Scientific Inc 22,437 32,605
    Union Pacific Corp 22,238 83,288
    Verizon Communications 23,642 57,340
    Visa Inc-Class A Shares 15,068 87,492

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    Herman P and Sophia Taubman Foundation
     
    %Bank of Oklahoma Private Wealth
    EIN:
    73-6092820
    US Government Securities - End of Year Book Value:

    0
    US Government Securities - End of Year Fair Market Value:

    0
    State & Local Government Securities - End of Year Book Value:


    42,476
    State & Local Government Securities - End of Year Fair Market Value:


    42,826


    TY 2020 InvestmentsOtherSchedule2
    Name:
    Herman P and Sophia Taubman Foundation
     
    %Bank of Oklahoma Private Wealth
    EIN:
    73-6092820
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Mineral Interest AT COST 663 0
    Agency Agreement AT COST 1 1

    TY 2020 OtherExpensesSchedule
    Name:
    Herman P and Sophia Taubman Foundation
     
    %Bank of Oklahoma Private Wealth
    EIN:
    73-6092820
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Taubman Legacy Film Project 6,812 0   0


    TY 2020 OtherIncomeSchedule2
    Name:
    Herman P and Sophia Taubman Foundation
     
    %Bank of Oklahoma Private Wealth
    EIN:
    73-6092820
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    BOC Trustees in Liquidation 3,866 3,866 3,866
    Oil & Gas (Net of Expenses) 1,981 1,981 1,981


    TY 2020 OtherIncreasesSchedule
    Name:
    Herman P and Sophia Taubman Foundation
     
    %Bank of Oklahoma Private Wealth
    EIN:
    73-6092820
    Description Amount
    Book/Tax Adjusments 229
    Federal Tax Refund 21,886


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Herman P and Sophia Taubman Foundation
     
    %Bank of Oklahoma Private Wealth
    EIN:
    73-6092820
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Fees 38,908 38,908   0


    TY 2020 TaxesSchedule
    Name:
    Herman P and Sophia Taubman Foundation
     
    %Bank of Oklahoma Private Wealth
    EIN:
    73-6092820
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Foreign Tax Withheld 209 209   0